Pursuant to Chapter 5, Section 4 of the Finnish Companies Act, Novator Finland Oy has asked to convene an Extraordinary General Meeting. In the release published by Elisa on 22 November 2007 the date for the Extraordinary General Meeting was announced to be 18 December 2007. According to a decision made by the board of Elisa on November 27, 2007 the new date for the Extraordinary General Meeting is Monday 21 January, 2008 at 2 pm. The new place for the meeting is Helsinki Ice Hall, Nordenskiöldinkatu 11-13, Helsinki. The date of the Extraordinary General Meeting was changed due to demands from several significant shareholders. Issues to be addressed at the meeting Novator Finland Oy's proposals to the General Meeting: 1. Release of the current members of the Board of Directors from their office. Novator Finland Oy proposes that all of the current members of the Board of Directors of the Company be released with immediate effect from their office by a resolution of the Extraordinary General Meeting. 2. Election of a new Board of Directors. Novator Finland Oy proposes to elect a new Board of Directors of the Company at the Extraordinary General Meeting. The new Board of Directors may include current members of the Board of Directors of the Company. 3. Amend the Articles of Association. Novator Finland Oy proposes that the Extraordinary General Meeting resolves to amend Paragraph 2 (Field of Activity) of the Articles of Association of the Company to read as follows:"The Company may directly by itself and/or through its subsidiaries and/or associated companies, (i) carry on general telecommunications business in Finland and abroad, provide telecommunications services and related equipment as well as carry on consultation, research and inspection activities in respect of telecommunications, and/or (ii) own real property and securities as well as trade in securities and carry on investments and financing activities. The Company shall in its operations pay attention to the requirements of bilingualism." The proposed amendment would allow the newly elected Board of Directors to initiate the necessary actions for the restructuring of the Company and its operations, which could include the establishment of a subsidiary into which all of the operative business of the Company would be transferred. Novator Finland Oy believes that such structure would increase the flexibility of the Company's management and operations, financial structure, risk profile and future direction and would therefore be beneficial for the Company and all of its shareholders. Participation right and registration Shareholders registered in the company's shareholders' register maintained by the Finnish Central Securities Depository Ltd on Friday, 11 January 2008, and who have registered to attend the meeting as provided below, are eligible to attend the General Meeting. The owners of nominee-registered shares who wish to participate in the General Meeting and exercise their voting rights can be temporarily registered in the shareholders' register. Those shareholders who wish to be temporarily registered should contact their maintainer of the register of nominee registered shares well before 11 January 2008. The registration for the Extraordinary General Meeting begins on Friday 30 November, 2007 and ends on Sunday 13 January, 2008. ELISA Vesa Sahivirta Director, IR and Financial Communication Distribution: Helsinki Stock Exchange Major media